EU hits Indonesian Biodiesel with Import Duties Over Subsidies
Source: Reuters, December 9 2019 By: Philip Blenkinsop BRUSSELS (Reuters) – The European Union confirmed tariffs on Indonesian biodiesel imports on Monday to counter what it sees as unfair subsidies, the latest blow to producers after the bloc ruled that palm oil should be phased…
Indonesia Targets Starting Up EV Battery Plants in 2023
Source: Reuters, December 10 2019 JAKARTA (Reuters) – Indonesia is aiming to start making lithium batteries for use in electric vehicles in 2023, alongside plants that are already slated to produce chemicals used in the batteries, according to the minister who oversees the energy and…
Fintech Users Need Individual Measures to Protect Data as Indonesia Finalizes Bill
Source: Jakarta Post, December 10 2019 Financial technology (fintech) users need to step up their game in ensuring they own safety to protect their data while the government has yet to finalize the much-awaited personal data protection bill. Regulations and industrial standards on private data…
ICT sector gains strength as Indonesia prioritizes digital economy
Source: Oxford Business Group, December 10 2019 A series of new digital infrastructure projects are strengthening Indonesia’s information and communications technology (ICT) sector as the country prioritizes the digital economy as an area of growth. In late September, Japanese telecom giant NTT announced it would…
Jokowi Named 2019 Asian of the Year by ‘The Straits Times’
Source: Jakarta Post, December 5 2019 Singaporean daily The Straits Times has named Indonesian President Joko “Jokowi” Widodo as its 2019 Asian of the Year for “dexterity and nous in navigating the tricky cross-currents of domestic politics and international affairs”. This year has been a tumultuous one for the…
UPDATE 1–Indonesia Allows Nine Companies to Resume Nickel Ore Exports
Source: Reuters, November 11 2019 (Adds details, coordinating minister comments) JAKARTA, Nov 11 (Reuters) – Indonesia has allowed nine companies to resume nickel ore exports after inspections into reports of ore export rules violations, Heru Pambudi, the director general of the country’s customs office, said…
Jokowi wants Trump-style Deregulation in Indonesia
Source: Jakarta Post, November 11 2019 By: Marchio Irfan Gorbiano President Joko “Jokowi” Widodo has instructed his ministers to slash regulations for every new rule issuance, inspired by a story shared with him by US Secretary of Commerce Wilbur Ross about President Donald Trump’s deregulation…
Moody’s: Negative Outlook for Sovereigns
Source: The Star, November 11 2019 KUALA LUMPUR: Moody’s Investors Service has a negative outlook for sovereign creditworthiness in 2020 due to worrying geopolitical environment, rising risks of shocks. The rating agency said on Monday this reflected its expectations for the fundamental conditions that will…
Why Indonesia Is Missing Out as Companies Move Out of China
Source: Bloomberg, November 11 2019 By: Karlis Salna Follow Bloomberg on LINE messenger for all the business news and analysis you need. Indonesia is Southeast Asia’s biggest economy, with one of the biggest labor pools in the world. But it punches beneath its weight when it…
Indonesia’s GDP grows 5.02 Percent in Q3, Slowest in Over Two Years
Source: Jakarta Post, November 5, 2019 Indonesia’s economic growth reached 5.02 percent in the third quarter, the lowest level in more than two years, with investment failing to contribute to the economy, which has been hit by a global economic slowdown driven by the trade war…